EU delays tariffs on American bourbon, easing trade tensions that threaten U.S. distilleries.

The EU is delaying new tariffs on American bourbon, a move seen as positive amid threats of a 200% tariff on European alcohol by the U.S. This dispute threatens over 3,000 American distilleries, risking jobs, local agriculture, and the growth of American whiskey. A 50% tariff could raise prices and curb demand, especially for small distilleries. The delay aims to protect industries on both sides, particularly Ireland's whiskey exports, valued at €420 million annually. MEP Barry Cowen urges maintaining a zero-tariff status between the EU and U.S. to ensure industry stability.